WEMIX, the native token of the Wemix blockchain-based gaming ecosystem, has a market capitalization of over $651 million, making it the 211th most valuable coin in the crypto space. Currently trading at $2.66 per token, WEMIX is up to 19.84% in the last 24 hours. Will the digital asset soar past its all-time high of $24.68 recorded on November 21, 2021?
WEMIX was developed by Wemade Tree, an innovative decentralized gaming company. Wemade Tree aims to provide a seamless network that integrates fundamental gaming features with blockchain technology to offer experience-driven services.
Let’s look at the project’s latest technical analysis to get the WEMIX price prediction for the year and beyond, as well as its main propellers.
WEMIX Technical Analysis
There are signs that the crypto market is set to enter a new bullish age, with WEMIX tipped to follow suit since there is still optimism that the token will attract much attention. As mentioned earlier, WEMIX currently stands at $2.66, with a 24-hour trading volume of slightly above $33 million and a maximum supply of 244,969,805 coins.
As of press time, the WEMIX token is trading above the 200-day simple moving average (SMA), which has been indicating BUY since February 15, 2023. The 50-day SMA has also signaled BUY since January 20, 2023.
Currently, the relative strength index (RSI) for WEMIX is 82.84, showing that the digital asset is overbought. The RSI indicator also suggests that the WEMIX token will increase.
Additionally, the moving average convergence and divergence (MACD) indicator shows a sell signal which aligns with the RSI indicator of 82.84, indicating that WIMEX is in an overbought region.
The WEMIX token’s current forecast indicators are bullish. This suggests that the crypto asset is a good investment in 2023. However, before purchasing WEMIX tokens, it is critical to consider its fundamental factors – on-chain development – which frequently acts as a driving force.
WEMIX Token: Asset Continuity in a Multi-Chain Structure
A real plus for the crypto project is that game developers can leverage previously generated assets when building other new games. This means developers can create a mini-ecosystem connecting their games with other assets. For WEMIX, a mini ecosystem allows players’ assets to be shared and dispersed within the marketplace through asset continuity.
More specifically, if game developers are freed from the constant pressure to maximize revenue, they will be better positioned to maintain user-centric policies and build a foundation for all participants, increasing the WEMIX’s value.
Meanwhile, to further facilitate the expansion of its ecosystem and aid transparent and logical trading support, WIMEX was approved for listing on Coinone, the most popular and largest crypto exchange in Korea, on February 16, 2023. This new development is tipped to add more traction and value to the WIMEX token.
Alternative Bullish Assets to Consider in 2023
The technical analysis of WEMIX above shows the crypto asset is currently set for a bullish run and has the potential to surge past its all-time high price mark of $24.68. However, investors keen to diversify their portfolios by leveraging value-driven altcoins trading at less than a dollar value should consider $FGHT and $CCHG crypto assets.
Fight Out is a revolutionary move-to-earn (M2E) blockchain-based project disrupting the fitness and health industry. The M2E crypto project utilizes Web3-associated functions to build virtual gyms and disperse rewards to users for participating in fitness and health tasks.
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The project token, $FGHT, trades at $0.023 per token. The digital asset has hit another milestone of over $4.47 million in its ongoing presale as it continues to enjoy strong traction and growing investor demand. Now is the time to invest and generate massive gains before the price increases to $0.033 when its presale ends.
C+Charge is another innovative project that has caught the eye of both retail and institutional investors due to its market traction and the utilities offered. C+Charge is a decentralized project designed to improve the structure of the electric vehicles (EVs) industry.
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The project provides a peer-to-peer (P2P) payment solution to EV drivers to pay for recharges and a transparent system to track energy consumption and charging costs and locate new EV charging stations. Currently, on presale, $CCHG is trading at $0.016 per token and has raised over $1.32 million in investment.
The two crypto assets are causing a loud buzz in the crypto space due to their real-life use cases and immersive growth. Investors can become early adopters of these coins and enjoy massive nominal profits.
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